CLIFFS DRILLING (CDG) Message Board

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Gold/Mining/Energy : CLIFFS DRILLING (CDG)

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To: Sam2482 who wrote (452)	8/4/1998 8:00:00 PM
From: VLAD	Read Replies (1) of 474

Vicki, I did my DD on CDG before catching the falling knife at 29. I think this stock is the most off its highs compared to all the other drillers yet we still have a company showing stellar earnings even with lower day rates. All of their 12 rigs in the Gulf drill for natural gas not oil and the price of natural gas has not droped nearly as low as crude oil. Natural gas is used in power plants to boil water and run turbines that generate electricity and Texas has had a record consecutive 100+ degree days. I guess the fundamentals have no meaning in today's market.

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